Unity Bancorp Inc (NASDAQ: UNTY) has benefited from exceptional positive changes in investment behavior: the stock rose on very heavy volume, and its shorter term price trend turned up.
Unity Bancorp Inc (NASDAQ: UNTY) has recently enjoyed notable positive changes in fundamentals: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, UNTY is expected to continue to be a Value Builder.
Unity Bancorp has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Unity Bancorp has a neutral Power Rating of 60 but a very high Appreciation Score of 86, with the Highest Value Trend Rating the result.
Recent Price Action
On 6/24/24, Unity Bancorp Inc (NASDAQ: UNTY) stock enjoyed a large increase of 2.2%, closing at $26.49. Moreover, exceptionally high trading volume at 217% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 0.6% during the last week.
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